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Industries
Fintech
Financial Services
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Milwaukee, Wisconsin
Founded
1984
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Payfare Inc. has entered into a definitive agreement to be acquired by an affiliate of Fiserv, Inc. for CA$4.00 per share, totaling approximately CA$201.5 million. This represents a 90% premium to the closing price on December 20, 2024. The transaction requires shareholder and court approvals and is expected to close in the first half of 2025. All directors and senior officers have agreed to support the transaction, which will result in Payfare's shares being delisted from the TSX and OTCQX.
Despite the valuation cut, the Israeli fintech is estimated to have registered a tenfold revenue increase since its last raise three years ago, now exceeding $100 million annually.
Forward’s payments infrastructure model has an advantage by shifting the economics back to SaaS companies.
BROOKFIELD, Wis. --(BUSINESS WIRE)--Nov. 22, 2021-- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced the completion of its acquisition of BentoBox. “Closing this transaction further expands our Clover ® dining solutions
Tanya Van CourtTanya Van Court’s Goalsetter has reached yet another milestone since launching in 2019.As AFROTECH™ previously reported, the founder and CEO founded the fintech platform to help youth and families gain access to banking and financial education, including tools, investing, and savings. In 2021, Goalsetter’s mission caught the attention of NBA stars Kevin Durant, Carmelo Anthony, and Andre Drummond, who all invested in the company’s $15 million Series A funding round.Now, Goalsetter has announced that the round isn’t finished just yet. According to a press release shared with AFROTECH™, Goalsetter has closed on a $9.6 million Series A extension round.The new round was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, the press release details. Fellow investors included Fiserv, Seae Ventures, Webster Bank, Astia Fund, Partnership Fund for New York City, Reseda Group, and InTouchCU.“Our new Series A extension marks a significant milestone for Goalsetter as we continue to redefine financial education and inclusion across America,” Van Court shared in a press statement. “This funding will empower us to enhance our B2B offerings and forge stronger partnerships with credit unions, banks, and wealth management institutions, expanding our reach and impact to ensure that the next generation can grow into savvy savers and investors.”She continued, “This is an investment in Goalsetter and in the future financial well-being of millions of young Americans. Together, we are building a foundation for a more equitable and financially literate future for all.”In addition to forming more B2B (business-to-business) and financial institution partnerships, Goalsetter plans to use the funding to “facilitate the launch of live bank and credit union product implementations and core processor integrations” in order to be more accessible to banks and credit unions across tech platforms.“Goalsetter has successfully produced measured and meaningful positive outcomes as it helps families of diverse demographics increase savings and practice smart spending habits, making them a unique player in this market,” said Liz Roberts, head of impact investing at MassMutual, one of Goalsetter’s leading investors
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Industries
Fintech
Financial Services
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Milwaukee, Wisconsin
Founded
1984
Find jobs on Simplify and start your career today